the "Avoid Chop" Indicator?

August 10th, 2012, 01:33 PM

websouth

"my morning trading session (spot EUR/USD in this case) comprised 80 scalps for a total of +73.3 pips (approx. 0.92 pips per scalp)."

holy smokes. Did you melt the keyboard...? Your broker will be sending you a Christmas card this year.

Nice job to end up in the green/black/profitable side of things

Yeah....gotta lay off the Maca

June 28th, 2016, 10:57 AM

ThatManFromTexas

@lov2rev

The World according to ThatManFromTexas ....

1. You can not predict chop.

2. You will know you are in chop after you have a couple of losing trades.

3. When you realize you are in chop ... stop .

4. You will know you are out of chop when you miss the breakout.

5. Most chop filters filter out as many good trades as they do bad trades.

6. Learn to watch for price compression / decompression

TMFT, thanks for the input and help in this thread.

Besides seeing compression and decompression how else do you use the Bollinger Bands to enter and exit?

Thank you,

Terence

the "Avoid Chop" Indicator?

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the "Avoid Chop" Indicator?